Stillwater Mining Up Nearly 1%, But Off Day Highs as Clinton Group Responds to "Misleading" Board Letter

By Staff,

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Stillwater Mining Company ( SWC ) shares are up near 1% at $10.30 but off a day high $10.65 as Clinton Group Inc., a stockholder of SWC, said it is seeking to replace SWC's board of directors after the board issued what Clinton Group calls "misleading" comments.

"We are extremely disappointed that Stillwater's board would release a highly misleading letter to stockholders," said Gregory P. Taxin, Managing Director of Clinton. "We expect a Board to be transparent and forthright with stockholders, especially in the middle of a proxy fight, and to tell the truth and admit mistakes. This Board appears unwilling to do so."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: SWC

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